Investment Sales

CBRE Arranges $94.9 Million Seattle Transaction

by Lynn Peisner September 25, 2025

SEATTLE — CBRE has arranged the $94.9 million sale of 8th + Republican in Seattle’s South Lake Union neighborhood. CBRE did not disclose the identity of either party to the transaction, but according to the Daily Journal of Commerce, the buyer was locally based Goodman Real Estate along with an unnamed partner, and the seller was the original developer, Scottsdale, Arizona-based The Wolff Co. CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the seller. According to CBRE Research, this transaction is one of the highest prices per …

September 25, 2025

California Investment Sales News Western

CBRE Arranges Two Orange County Sales Totaling $17.4 Million

by Lynn Peisner September 25, 2025

GARDEN GROVE, CALIF. — CBRE has arranged the sale of two communities in Garden Grove, about 22 miles west of Long Beach. Each property is approximately 40 years old and has never been on the market. The transactions involved separate buyers and sellers. The first property, Meadow Grove, is a 33-unit community at 13882 Clinton St. that sold for $12.9 million. It was developed in 1985. The unnamed seller was the heir of the original developer. The second property is Nutwood Street, which includes 15 units located at 12841–12879 Nutwood …

September 25, 2025

Investment Sales Nevada News Western

MG Properties Buys Vegas Property for $64 Million

by Lynn Peisner September 25, 2025

LAS VEGAS — MG Properties has acquired The Pearl at St. Rose from an affiliate of the CONAM Group for $64 million. The asset was built in 2000 and is located within the Silverado Ranch master-planned community in Southeast Las Vegas. This trade marks San Diego-based MG Properties’ ninth acquisition so far in 2025. The 270-unit Pearl at St. Rose offers amenities such as a pool and hot tub, a fitness center, a dog park and a clubhouse. CONAM was represented by Charles Steele, John Cunningham and Jared Glover of …

September 25, 2025

Investment Sales News Washington Western

IPA Arranges $33 Million Metro Seattle Sale

by Lynn Peisner September 24, 2025

BELLEVUE, WASH. — The Sobrato Organization has acquired Park Metro Apartments in Bellevue, Washington, for $33 million. The seller was an entity doing business as Northpoint Parkmetro LLC that was represented in the deal by IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino. “Completed in 2014, the property is primed for a light-value add program,” said Napoli. Amenities at Park Metro include a resident lounge, a rooftop terrace, a fitness center and electric vehicle charging stations. The community offers 78 units in a mix of studios, …

September 24, 2025

Investment Sales News Utah Western

Gelt Venture Partners Acquires 142-Unit Property in American Fork, Utah

by Lynn Peisner September 23, 2025

AMERICAN FORK, UTAH — Gelt Venture Partners (GVP) has acquired Alvera at the Meadows in American Fork, about midway between Provo and Salt Lake City. The seller was a joint venture between Woodbury Corp., Garbett Homes and Cirrus Group. The 142-unit property was developed in 2021 on about 4 acres. It features a mix of one-, two- and three-bedroom floor plans and such amenities as a pool and hot tub, a fitness center, clubhouse, package lockers and a playground. GVP is planning property upgrades during its hold. Brock Zylstra and Daniel …

September 23, 2025

Berkadia Investment Sales Maryland News Northeast

Berkadia Arranges $73 Million Trade for Baltimore Portfolio

by Lynn Peisner September 23, 2025

BALTIMORE — Benefit Street Partners sold a two-property portfolio in Baltimore to FPA Multifamily for $73 million on Sept. 11. The combined occupancy rate on that date was 95 percent. Berkadia DC Metro and Berkadia Richmond represented the seller with a team led by Drew White, Brian Crivella, Carter Wood, Bill Gribbin, Yalda Ghamarian and Cole Carns. The seller is based in New York, and the buyer, which assumed a HUD loan in the acquisition, is headquartered in San Francisco. The portfolio consists of The Lofts, built in 2012, and …

September 23, 2025

Arizona Colorado Georgia Investment Sales Nevada News North Carolina South Carolina Southeast Western

Sunroad Sells $1.1 Billion Portfolio to Fairfield

by Lynn Peisner September 22, 2025

SAN DIEGO — Sunroad Enterprises has sold a 15-property portfolio to Fairfield for $1.1 billion. Both firms are based in San Diego. The portfolio includes properties in six states: six in Arizona, one in Nevada, three in Colorado, two in North Carolina, two in South Carolina and one in Georgia. The deal took six years to put together. JLL, representing Sunroad, arranged the sale as well as a $415 million Freddie Mac loan for 10 of the assets and an additional $250 million in fixed-rate senior debt provided by KKR. …

September 22, 2025

Build-to-Rent Investment Sales Midwest Minnesota

Watermark, PCCP Sell Two BTR Properties in Minneapolis Metro

by Lynn Peisner September 22, 2025

WOODBURY, MINN. — A joint venture between Watermark and PCCP has sold two build-to-rent communities in Woodbury, 23 miles east of Minneapolis. The sales price and the identity of the buyer were not disclosed. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the sellers, who are the properties’ original developers, in the transaction. Canvas at St. Croix is located at 11483 Crestbury Drive. Completed in 2024, the 89 units feature attached garages, and amenities include a clubhouse, multipurpose room and a resort-style pool. The 81-unit Canvas at Woodbury, located …

September 22, 2025

Investment Sales News Texas

Hixon Properties Sells San Antonio River Walk Asset

by Lynn Peisner September 19, 2025

SAN ANTONIO — Newmark has arranged the sale of River House in San Antonio. Locally based, private real estate investment company Hixon Properties, the seller, developed the community in 2015. According to the San Antonio Business Journal, OTH Capital out of Austin, Texas, acquired the 261-unit asset, which was 95 percent occupied at the time the deal closed. River House is located on the city’s pedestrian River Walk, less than half a mile from the San Antonio Museum of Art. Community amenities include an infinity-edge pool, a rooftop terrace and …

September 19, 2025

Georgia Investment Sales News Southeast

RangeWater Sells Atlanta Beltline Project

by Lynn Peisner September 19, 2025

ATLANTA — RangeWater Real Estate along with equity partner ParkProperty Capital have sold The Vivian in Atlanta to JW Capital Corp for an undisclosed amount. Cushman & Wakefield’s Robert Stickel and Alex Brown arranged the transaction. The 325-unit asset is located along the Beltline — a 22-mile loop of trails built on former rail corridors — in Capitol View, a neighborhood in southwest Atlanta. It opened in 2023 and includes amenities such as a pool, dog park and an on-site coffee shop, Black Coffee Westside. The Vivian was RangeWater’s sixth …

September 19, 2025

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